Page 441 - Finance News
DHFL case: Yes Bank's former business head Rajiv Anand gets bail
A special CBI court here on Thursday granted bail to Rajiv Anand, a former business head of Yes Bank, in a cheating and corruption case involving the private sector lender DHFL.
 "DHFL case: Yes Bank's former business head Rajiv Anand gets bail")
RBI imposes penalty of Rs 1 cr each on One Mobikwik, Spice Money
'It was observed that the entities had not complied with the directions issued by RBI on net-worth requirement for Bharat Bill Payment Operating Units,' says RBI
 "RBI imposes penalty of Rs 1 cr each on One Mobikwik, Spice Money")
RBI extends card tokenisation rule by 6 months after industry request
Tokenisation refers to the technology of substituting sensitive card data with random numbers
RBI extends card tokenisation deadline by six months to June 30, 2022
The earlier deadline was December 31, 2021
 "RBI extends card tokenisation deadline by six months to June 30, 2022")
Banks need additional $70 bn to back $5- trn GDP: SBI's Dinesh Khara
Banks would continue to play a critical role in meeting the needs of corporations
 "Banks need additional $70 bn to back $5- trn GDP: SBI's Dinesh Khara")
Technology is causing disruptions in banking, says K V Kamath
Kamath recognised the great transition done by the banks over the last two years during the pandemic, however, the only issue is about how to compete.
 "Technology is causing disruptions in banking, says K V Kamath")
Banks raise over Rs 37,000 cr via AT1 bonds amid capital ratio concern
Call options for instruments raised last year and worth Rs 28,430 crore are due in the next financial year.
 "Banks raise over Rs 37,000 cr via AT1 bonds amid capital ratio concern")
Rates on hold but RBI MPC gets battle ready for economy as Omicron looms
Committee meeting kept policy stance accommodative as Jayanth Varma opposed, but the central bank later worked on raising money market rates through VRRR.
 "Rates on hold but RBI MPC gets battle ready for economy as Omicron looms")
What does the road ahead for cryptocurrencies look like in India?
India emerged as the fastest-growing crypto market in the world this year. A Bill to regulate it remained a work in progress. So, what's puzzling the government? And how was the year 2021 for cryptos?
 "What does the road ahead for cryptocurrencies look like in India?")
Physical, digital financial services to co-exist in India: SBI chairman
On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile
 "Physical, digital financial services to co-exist in India: SBI chairman")
MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor
'Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going forward, are two-fold,' says Shaktikanta Das
 "MPC minutes: Omicron may derail ongoing demand recovery, says RBI Governor")
MPAI, ADIF write to RBI for an extension of tokenisation deadline
MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem
 "MPAI, ADIF write to RBI for an extension of tokenisation deadline")
YES Bank board approves raising funds up to Rs 10,000 crore
The fundraising will happen through various instruments, including equity and bonds
No Cabinet decision on privatisation of two PSBs: FM Sitharaman
The bill related to privatisation of PSBs has been listed for the ongoing winter session of Parliament, which ends on December 23
 "No Cabinet decision on privatisation of two PSBs: FM Sitharaman")
Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds
Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds.
 "Axis Bank announces will raise up to Rs 5,000 crore by issuing bonds")
Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank
This has been a bad loan account for more than three years
 "Sanghavi Exports' NPA account exposure is Rs 16.7 crore: IDBI Bank")
EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase
The EPFO provides provident fund, pension benefits to the members on their retirement and family pension & insurance benefits to their families in case of untimely death of the member
 "EPFO adds 1.27 mn subscribers in October, clocks 10.2% YoY increase")
RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education
RBL Bank on Monday said it had raised Rs 5.20 crore through a corporate social responsibility initiative focused on cycling in a bid to support education of underprivileged and special-needs children
 "RBL Bank raises Rs 5.20-cr fund via CSR initiative for inclusive education")
Income-tax return and types of ITR forms
The deadline for filing IT return is drawing close. Many wait till the last moment to finish the exercise, but that is not advisable. Find out the different categories of ITR forms that taxpayers fill
 "Income-tax return and types of ITR forms")
MFIN to launch natural catastrophe insurance cover for micro borrowers
The MicroFinance Institutions' Network is planning to introduce this product with Cholamandalam MS General Insurance as insurer
 "MFIN to launch natural catastrophe insurance cover for micro borrowers")